StreetInsider.com News Articles

Wedgemount Announces Option Grant

Tue, 04 Mar 2025 20:11:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2025) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company") announces it has approved the grant of stock options (each, an "Option") to acquire up to 800,000 common shares in the capital of the Company (each a "Common Share"). The Options are exercisable for a five-year term expiring on March 4, 2030, at a price of $0.10 per Option. Any Common Shares issued pursuant to the exercise of the Options, will be subject to a four month hold period expiring on July 5, 2025, unless waived by the Canadian Securities

Wedgemount Announces Option Grant

Tue, 04 Mar 2025 20:11:00 -0400

Wedgemount Announces Corporate Update

Wed, 29 Jan 2025 07:30:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - January 29, 2025) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company") is pleased to provide an update on its operations and corporate activities.

Operations Update

Due to extreme cold weather conditions over the past few weeks, Wedgemount proactively shut-in oil production and processing to protect its wells and facilities from potential damage. In light of the return of more seasonal temperatures this week, the Company has resumed production and is once again selling oil.

With the majority of surface facility and compliance work related to the recent Huggy acquisition now complete, the Company will

Wedgemount Announces Corporate Update

Wed, 29 Jan 2025 07:30:00 -0400

Operations Update

With the majority of surface facility and compliance work related to the recent Huggy acquisition now complete, the Company will

Wedgemount Announces Operations Update

Wed, 18 Dec 2024 07:30:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - December 18, 2024) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to provide an operations update for the Company's West Central Texas oil and gas operations.

Huggy Acquisition Update

All natural gas transmission flow lines have been repaired and replaced where necessary in order to facilitate gas sales to third party purchasers
Certain gas wells have been re-classified as oil wells with the RRC as successful chemical treatments caried out by the Company proved oil production
Needed compliance work has been completed with the RRC including testing
Well, formation

Wedgemount Announces Operations Update

Wed, 18 Dec 2024 07:30:00 -0400

Huggy Acquisition Update

All natural gas transmission flow lines have been repaired and replaced where necessary in order to facilitate gas sales to third party purchasers
Certain gas wells have been re-classified as oil wells with the RRC as successful chemical treatments caried out by the Company proved oil production
Needed compliance work has been completed with the RRC including testing
Well, formation

Wedgemount Announces Huggy Operations Update

Fri, 15 Nov 2024 07:30:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce details of its ongoing enhancement and remediation program for the Company's recently acquired producing oil and gas assets (the "Huggy Asset" or "Huggy") in west central Texas.

The Company's Huggy Asset remediation program is designed to optimize well production through proprietary chemical treatments, well workovers and surface facility optimization. The Company has expanded field resources to two rigs and engaged multiple contractors in support of this program. Surface facility optimization includes extensive infrastructure upgrades and miles

Wedgemount Announces Huggy Operations Update

Fri, 15 Nov 2024 07:30:00 -0400

Wedgemount Announces Initial Operations Update Post Huggy Acquisition

Wed, 09 Oct 2024 07:30:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - October 9, 2024) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to provide an operations update for the Company's west central Texas oil and gas operations.

Since the closing of the Company's recently announced Huggy asset acquisition and concurrent financing, Wedgemount's operations team has commenced optimization of wells and surface facilities in both the Echo and Novice fields which make up the core of the Huggy assets. As a result, the Company now has a total of 72 wells producing up from 23 prior to the

Wedgemount Announces Initial Operations Update Post Huggy Acquisition

Wed, 09 Oct 2024 07:30:00 -0400

Wedgemount Announces Marketing and Services Agreements

Mon, 16 Sep 2024 17:00:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces it has entered into agreements with each of Outside the Box Capital Inc. ("OBC"), Proactive Investors North America Inc. ("Proactive") and Oak Hill Financial Inc, ("Oakhill") to provide services to the Company, subject to approval by the Canadian Securities Exchange. OTB's scope of work will include, but not be limited to, providing marketing services, planning content creation and assisting in enhancing awareness of the Company. Proactive will assist Wedgemount in enhancing its online presence with the global investment

Wedgemount Announces Marketing and Services Agreements

Mon, 16 Sep 2024 17:00:00 -0400

Wedgemount Closes Second Tranche of Over-Subscribed Debenture Offering

Thu, 12 Sep 2024 17:53:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce that it has closed the second tranche of its non-brokered private placement of convertible debenture units (a "Debenture Unit") of the Company at a price of $1,000 per Debenture Unit. The convertible debenture offering was over-subscribed. Under the second tranche, a total of 745 Debenture Units were sold for gross proceeds of $745,000. In total the Company has raised gross proceeds of $2,450,000 from the first and second tranche of Debenture Units (the "Offering").

Each Debenture

Wedgemount Closes Second Tranche of Over-Subscribed Debenture Offering

Thu, 12 Sep 2024 17:53:00 -0400

Each Debenture

Wedgemount Resources Announces Completion of Acquisition of Additional Permian Basin Assets

Mon, 26 Aug 2024 07:30:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce that it has closed the acquisition of additional oil and gas assets (the "Huggy Assets") located in the Permian Basin of west central Texas pursuant to a Purchase and Sale Agreement ("PSA") with an arm's length private company (the "Seller") located in Texas, USA.

Under the PSA, Wedgemount has acquired a 100% working interest in the Huggy Assets which cover 20,000 acres of 37 oil and gas leases, hosting 111 producing wells, eight

Wedgemount Resources Announces Completion of Acquisition of Additional Permian Basin Assets

Mon, 26 Aug 2024 07:30:00 -0400

Under the PSA, Wedgemount has acquired a 100% working interest in the Huggy Assets which cover 20,000 acres of 37 oil and gas leases, hosting 111 producing wells, eight

Wedgemount Resources Announces Transformational Acquisition of Additional Permian Basin Assets and CAD$2.0 Million Convertible Debenture Financing

Mon, 29 Jul 2024 08:30:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - July 29, 2024) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce that it has entered into a Purchase and Sale Agreement ("PSA") for the acquisition of additional oil and gas assets (the "Huggy Assets") located in the Permian Basin of west central Texas. The PSA is with an arm's length private company (the "Seller") located in Texas, USA.

Acquisition Highlights - Huggy Operations, Eastern Shelf

20,000+ acres including two core operating areas adjacent to Wedgemount's current facilities, 30 miles south of Abilene, TX

Wedgemount Resources Announces Transformational Acquisition of Additional Permian Basin Assets and CAD$2.0 Million Convertible Debenture Financing

Mon, 29 Jul 2024 08:30:00 -0400

Acquisition Highlights - Huggy Operations, Eastern Shelf

20,000+ acres including two core operating areas adjacent to Wedgemount's current facilities, 30 miles south of Abilene, TX

Wedgemount Announces Commencement of Summer Field Program and Production Update

Tue, 11 Jun 2024 08:30:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - June 11, 2024) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce details of its upcoming summer 2024 field program focusing on the Company's recently acquired TCS assets.

The TCS leases consist of eight vertical production wells and one injector. All eight wells will undergo workovers and chemical treatments similar to our Willowbend and Millican assets. To date, the average sustained production increase of Wedgemount's treated and optimized wells has been approximately 7x.

The Company anticipates the program will run from June 16 through to mid-July. Post

Wedgemount Announces Commencement of Summer Field Program and Production Update

Tue, 11 Jun 2024 08:30:00 -0400

The Company anticipates the program will run from June 16 through to mid-July. Post